|
Rich Lazy Manual System - Snatch 25-50 pips Almost Anytime or Trade M4!This started as an M1 Scalping System but then I discovered it was very profitable on the H4 using normal Day Trading for a big 200+ pip profit. I have left it described as a scalping system and added the H4 method below. Many years ago I used to make $1,000+ a day scalping on MT4. It's the most stressful but certainly the most profitable way of trading! For 2026 I decided to give it another go on MT5 and was surprised how easy and profitable it is with the right indicators. Really only for experienced traders as some discretion is needed deciding which signals to take. We use our tried and tested Trend Indicator at the bottom and only take Buy signals when it is above the top line and Sell signals when it is below the bottom line. The effectiveness depends on the conditions and obviously it is better when there is plenty of movement.
Our unique, non-repainting Buy/Sell arrows appear at the beginning stage of the candle, so give a very early signal. It becomes much easier when used with our one click TradeOpener which inputs the TP and SL automatically plus runs a Trailing Stop. Above you can see it in action on the One Minute Gold chart, which is by far the best instrument so long as you have a broker with a tight spread (under 20 and better under 10). You can trade 0.1 Lots with a $500 account and the 200 points shown above would be 40% in just over an hour!
Installation & Guide You will receive the 3 system files by email as soon as I can. to install them, click on File, Open data folder and open up MQL5. RichLazyScalp.tpl is the Template file and must be copy/pasted into Profiles/Templates. TradeOpener.ex5 goes into Experts and RichLazyTrend.ex5 plus the RichLazyBuySell.ex5 into Indicators. Close and restart MT5 to load the new files and open up a Gold chart (usually XAUUSD), change the time frame to M1, Right click on the chart, click Templates and select RichLazyScalp. This should set everything up as shown. If anything is missing, it must mean that file is not in the right folder! Actual Trading No system can ever be 100% effective so in order to get the best out of the Rich Lazy Scalping System, we need to learn a few tips. The screenshot below is a good example. Clearly, the first signal is a no trade because the Trend Indicator at the bottom is not in the Sell Zone below the bottom line. However, the Buy signal looks good if we just take the fact that the Trend Indicator is indeed in the Buy zone. But we always need to look at the bigger picture. On the left we can see that the price completed what was obviously a good Buy Signal and then (as often happens) it retraced a little and started to go sideways. During consolidation, the indicators become more sensitive to any small breakout and that's exactly what we see with the Buy Signal plus the Trend Indicator leaping upwards. Notice that the top of this candle is about level with the top of the last upwards run 0 in other works, it it still part of the sideways movement. That said, we should wait maybe 15 - 30 seconds to see if it continues. The big retrace tells us it was a false signal - however, even if we had bought, the system is so good that we could have got out with a small profit some 13 minutes later (always be patient)! Knowing when NOT to trade is essential and this exact same pattern repeated twice more in the next 30 minutes...
The best time to trade M1 is between 08:00 and 10:00 chart time. These two hours are all you need to make huge profits! Never trade in the half hour before the US open or close to news time. In fact, the first few hours of the US session are best avoided. Never give in to the desire to trade regardless of conditions and always remember that even just one single trade a day can make you rich. There is no need to risk bad trades unless you are driven to self destruct like many traders! Usually, the safest times are after the European open until an hour before the US open and again a few hours later in the US session. Same applies if you trade the Asian session - avoid the open and any news that may affect your instrument. If you've made a bad trade, don't panic and get out on the first retrace, relax and wait several minutes and the chances are you get exit with a small profit. The best time to trade M1 is between 08:00 and 10:00 chart time. Second best is 20:00 to 22:40 but be careful of the frequent sideways movement. Third best time is 04:00 t0 08:00 but be careful of the frequent sideways movement. Sometimes it happens that the sideways consolidation goes on for a very long time, maybe even a full hour on the M1 chart. Of course, eventually it must break out but taking signals in these conditions will probably result in a long series of loss that won't be recovered by the eventual winning trade. Obviously, stop trading and better, stop watching the chart and do something else! It is best not to trade signals that are less than 4 candles apart. That means at least 3 clear candles from the last signal otherwise you are in a kind of sideways movement. I have said the Buy/Sell indicator is non-repainting but that is not 100% true. If there is a strong retrace within a few seconds of it appearing, it will disappear but this is very rare. The best signals are when it appears right on the open of the candle, which happens most of the time. If it appears later in the candle development, it is usually best to wait for the next candle (even if the Trend Indicators is in agreement) and only enter if that is moving in the right direction. This is an example of something I cannot stress enough - there cannot be 100% black and white rules in trading! Yes, we can have rules that if followed blindly will make a profit but they can always be improved by the intelligent discretion of an experienced trader. When in doubt, don't trade but don't allow to become fear of pulling the trigger! The system is best used on M1 but M5 can give a higher win rate but with about a quarter of the number of trades - so it is very much slower. That said, you can usually have a higher TP. Generally speaking, we get about a 70% win rate but of course, not all the wins are full profit as the Trailing Stop (or a manual closing) usually closes the trades early. This is another learning curve in optimum results - when to manually close if it looks like retracing! The problem here is that winning trades usually do have a retrace and when I first started using this I would often close the trade only to see it make a big profit a few minutes later. If the Trend Indicator is still in the correct zone, it is generally best to hold on - never be afraid of taking a loss otherwise you will miss most of the big wins. Using TradeOpener This makes life much easier and particularly so in the fast moving M1 chart. A single click on the Buy or Sell button will open the trade complete with SL and TP plus a Trailing Stop. I like to use it with a large 30 or 35 pip SL and a realistic 50 pip TP plus the Trailing Stop settings shown below. You may prefer tighter settings and you will get a higher win rate by using a smaller 25 pip TP and reducing the Trailing Trigger to 16 and the distance to 14 with a small 1 Step. This will give an over 80% win rate and is my preferred method.
To change the settings, double click on the TradeOpener icon top right of the chart and double click any input you wish to change. I recommend using 0.1 Lots per $500 capital but beware, some brokers use odd Lot sizes for Commodities (and Indices) to be careful on your first trade! Make sure 'Allow Algo Trading' is ticked on the Common tab. The Template file should set things up correctly to the default settings shown. Lastly, I cannot stress enough the important of not trading in sideways movement (severe consolidation, which happens frequently every day on the M1 chart). The European session from 08:00 to 13:00 is the safest and best time. Take the time to get pen and paper out and scroll back over the last week to record the number of good signals during possible trading hours and only pick the best times. H4 Trading The indicator is designed for M1 because it usually signals at the start of the candle. On higher time trades (M15 and upwards) this means that by the end of the candle, the move may be over. Logically, this suggests the possibility of trading longer times frames without the Trend Indicator and entering the trade very soon after the arrow appears. A little experimentation on Gold shows that H4 is ideal for this as the average candle is 200+ pips and we get at least five a week and many more in high activity. However, a 100 point SL is needed but the win rate is very high (over 90%) and if we close at the end of the candle or even into the next candle, we can easily average more than 100 pips profit per trade and often twice that. Unfortunately, on the H4, the signal usually appears some way into the candle which necessitates a lot of chart watching but we can catch 4 of the 6 candles a day and a little experience tells us when we can relax or when we expect a signal. Because of the large SL, I recommend trading a maximum 0.05 Lots per $500 capital. Statistically, the highest win rate is on the 16:00 candle. The win rate can be improved by using the Trend Indicator as conditions are not often as good as below.
I have only seriously tested it on M1, M5 and H4 Gold, so I am certain there are many more possibilities and instruments waiting to be discovered. Update for H4 Gold Further testing has revealed a big improvement by making an adjustment to one of the internal settings that controls the sensitivity - the ATR Length. So, I have now made this user adjustable by double clicking an arrow to open up the indicator Properties Box and in the Inputs tab, change the ATR Length from the default 7 to 6. This has a big improvement on H4 and makes it even more profitable. Final Update After live trading for a couple of weeks we discovered that it can also produce good results on H1 on various instruments but the best new discovery was M20 Oil! On my Fusion account, best results are with an ATR Length of 10 and trading between 08:00 and 15:20. I find a 40SL and a 70TP work well and bring in the Trailing stop at 30. However, be aware the optimum settings and possibly trading times vary between brokers. My broker has 3 decimal place oil but yours may have 2 decimal places so the SL would then be 4, not 40 and so on! This is another example of the fact that there can be no black and white rules in trading. So, the best advice is to play around with the ATR setting and simply see what looks best by scrolling back through the chart. Same applies to time frame and times to trade. Be aware that settings are likely to be different during the three different sessions and that avoiding the US open is often a good idea... Lastly, Gold is very sensitive to geopolitical situations and became much harder to trade during the US/Iran tensions and that is why I was forced to discover Oil was a good aleternative. All the best and good trading!
|
